Meet the 2017 recipients of the America Saves Designation of Savings Excellence

Today, 32 banks and credits unions were awarded the America Saves Designation of Savings Excellence and eight financial institutions received honorable mentions. The award is presented annually to financial institutions that make extraordinary efforts to encourage saving during America Saves Week/Military Saves Week and succeeded in encouraging customers and to open and add to wealth-building accounts.

“This was our most competitive year so far, with this year’s Designation award winners engaging in creative ways and offering savings incentives,” said Allie Vered, America Saves Director. “We applaud each of this year’s recipients for their efforts to educate and inspire, and most importantly, take action to save money.”

Just two in five American households report making good or excellent savings progress. America Saves Week is an annual opportunity for people to assess their savings status and make a plan to start or increase saving, and for organizations like banks or credit unions to support good savings behavior. America Saves Week is coordinated each year by America Saves and the American Savings Education Council. Learn more about America Saves Week here.

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Nichelle Johnson, a single mom with two teenage children, knows what it’s like to stretch a dollar. When she moved back to Virginia Beach in 2008, she provided for her family with just a part-time library position.

You will not believe what it took to completely change my life. About three years ago, the HR Administrator of the corporation where I worked (as a temp with no benefits) forwarded an email to me. Fifteen seconds. One small act of kindness. That's it - that's all it took!